Rui Huang joins the company as Senior Vice President. Based in Hong Kong, he will
be charged with continuing to develop WCMA’s capital markets and strategic
advisory business in Asia.

Huang has a strong background in both investment banking and insurance, most
recently working for investment company Temasek in Singapore, where he had
responsibility for sourcing and originating insurance investments in the Financial
Institutions Group. Prior to this, Huang spent over eight years as an insurance
focused investment banker with Morgan Stanley, Rothschild, Dresdner Kleinwort and
Bank of America.

Michael Guo, Head of WCMA Asia, said: “Asia represents a key area of growth both
in terms of investment banking and insurance, as economies in the region continue
to emerge and grow. Rui’s extensive experience in both of these sectors will be a key
component in helping us to increase our value proposition to clients in the region.”

Also joining WCMA is Quentin Perrot as Vice President of Insurance–Linked
Securities (ILS) in London, at the end of his notice period in May. Perrot joins from
BNP Paribas where he led the origination and structuring of ILS on a global basis.
Prior to this, Perrot was a Credit Analyst with BNP, where he performed credit
analyses and reviews for insurance clients in the UK, the Netherlands and
Scandinavia.

Bill Dubinsky, Head of ILS at WCMA, explained: “Quentin will play a key role in
helping us to continue developing our global ILS practice, in particular in Europe and
Asia, where his ILS structuring experience will prove invaluable to Willis as we
continue to grow our ILS business by delivering high quality advice, superior service
and execution.”

“These appointments demonstrate our commitment to continue building a truly world–
class insurance investment banking operation. I would like to welcome both Rui and
Quentin to the team and express my confidence in the contribution that both will
make as we work to deliver ever higher standards of service to our clients.”

About Willis

Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance
broker. With roots dating to 1828, Willis operates today on every continent with more
than 18,00 employees in over 400 offices. Willis offers its clients superior expertise,
teamwork, innovation and market-leading products and professional services in risk
management and transfer. Our experts rank among the world’s leading authorities on
analytics, modelling and mitigation strategies at the intersection of global commerce
and extreme events. Find more information at our website, www.willis.com, our
leadership journal, Resilience, or our up-to-the-minute blog on breaking news,
WillisWire. Across geographies, industries and specialisms, Willis provides its local
and multinational clients with resilience for a risky world.

About Willis Capital Markets & Advisory

Willis Capital Markets & Advisory, with offices in New York, London and Hong Kong,
provides advice to companies involved in the insurance and reinsurance industry on
a broad array of mergers and acquisition transactions as well as capital markets
products, including acting as underwriter or agent for primary issuances, operating a
secondary insurance-linked securities trading desk and engaging in general capital
markets and strategic advisory work. Willis Capital Markets & Advisory is a trade
name used by Willis Securities, Inc., a licensed broker dealer authorized and
regulated by FINRA and a member of SIPC, and Willis Capital Markets & Advisory
Limited, an investment business authorized and regulated by the UK Financial
Conduct Authority.

This communication should not be regarded as an offer to sell or as a solicitation of
an offer to buy, any security. The information contained herein is as of this date only,
is subject to change and does not contain all information necessary to adequately
evaluate an investment in any financial instrument. No representation or warranty,
express or implied, is made as to the accuracy or completeness of such information
and nothing contained herein is, or shall be relied upon as, a representation, whether
as to the past, the present or the future. Information contained in this communication
may not reflect information known to other employees in any other business areas of
Willis Group and its affiliates.